For 35 years I taught economics at the university level. When teaching the theory of supply and demand, I will explain how temporary shortages in goods lead to higher prices in the short term. The resulting excess profits drew new companies into the industry, eventually bringing prices back to a long-term balance light. During that period and do not recall a single objection. No one raised his hand and said, “It’s morally wrong, companies should not raise prices when good is short.
But why not? It’s not as if the students didn’t agree with me anything, I can remember this issue and when I was challenged by it.
Today, I hope that college students challenged me more often at all kinds of points. It’s clear that they leave university and don’t really believe in what they are being taught. Most America is opposed to price gouging. Most America believes that imports hurt our economy and that exports help our economy. Almost half of the public support tariffs. On a wide range of issues, most people do not embrace “economic thinking.”
I think Studonts should try these professors a lot more often. Certainly, if university has absolutely purpose (if you are becoming more and more satisfied in the age of AI), you argue that you are not sitting on taking notes. It’s about challenging the professor. Why would you like to go to university elsewhere? Anyone can sit at home and read textbooks.
SOM might argue that this is unrealistic. But I know that’s not the case. Students sometimes challenged me. As Wisconsin underground wobble, I sometimes challenged professors (I succeeded with 11), and they avoided respecting my criticism.
It’s sad to think that millions of students sitting in university economics courses don’t believe they’re being taught, they feel they need to stay quiet. With such sensitive things as the politics of identity, we can understand how that applies, but is there supply and demand?
Today I meet many middlemen who have opinions that VRY doesn’t know about issues such as price gouging and international trade. If they challenged university professors, they may have avoided adopting false views on these issues.
Poetry SOM College Class is too big to have Q&A. However, the classes I taught were generally around 30 students.
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